|NAR comparison of home sales in
Jan 2015 vs Jan 2016 (via KCM Blog)
According to the National Association of Realtors® (NAR), January home sales have increased year-over-year in the four highest price categories, beginning at $250,000 and higher.
Sales prices in the typical starter-home price-range ($100,000–$250,000) have dipped slightly nationally while the biggest drop in home sales is in properties priced under $100,000.
Here’s a look at home sale trends by price in the Charlotte area in the past five years:
As foreclosures have decreased, home sales under $100,000 are at their lowest point since before January 2011.
|Charlotte Home Sales >$100,000|
Charlotte’s sweet spot is in the $100,000 — $250,000 range with steady growth and the highest number of sales per month. Notice the time of year when most properties are closing.
|Charlotte Home Sales ($100,000-$250,000)|
As new construction increases and as values continue to rise, the $250,000 and up price range has seen a surge in the past five years and I expect this upward trend to continue.
|Charlotte Home Sales ($250,000+)|
And just because you wanted to know how Charlotte’s $1 Million-Plus market is performing, it, too, is on the rise, peaking the previous two summers.
|Charlotte Home Sales ($1 Million+)|
About the Author:
His hobbies include fishing, playing golf, watching football, and exploring the Carolinas.
Jimmy is a licensed Realtor® with Allen Tate Company in North Carolina and South Carolina.
He is passionate about helping his clients find their way home!